ChexSystems, Inc., a wholly-owned subsidiary of Fidelity National Information Services (FIS), is a nationwide specialty consumer reporting agency governed by the Fair Credit Reporting Act (FCRA). Founded in 1971, the company's primary mission is to assist financial institutions in managing risk when opening new deposit accounts. It collects and maintains data on consumers' past banking activities, such as bounced checks, unpaid fees, or suspected fraud, and provides this information to banks and credit unions. This allows them to assess the risk of potential new customers and mitigate potential losses from account mismanagement.

Founded in

United States